CT loses jobs, sees unemployment rise in April

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"Though April nonfarm job estimates fell by 1,500 we are still well ahead of last year's pace", said Andy Condon, research director at the Department of Labor.

"These job gains, coupled with large increases to the labor force and a low unemployment rate, are signs of a strong economy in the commonwealth", said Ronald Walker, secretary of Labor and Workforce Development. The latest national unemployment rate is 4.4 percent.

The agency said gains were widespread among major industries, with government among the few sectors to shed jobs.

The April employment report shows the greatest jobs growth occurred in government (+1,900), transportation, warehousing and utilities (+ 1,600) and wholesale trade (+ 1,300). The data agency attributed the fall in the unemployment rate to 45,500 people leaving the labor force, or the biggest such decline in nearly two decades.

During the past year, nonagricultural employment in the state has grown by 5,500 jobs. Oregon's rate was significantly below its year-ago rate of 5.0 percent in April 2016.

March's job gain was revised downward to 600, from an initially reported increase of 1,300.

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Information sector jobs remained steady in April 2017 but has risen by 1,200 jobs since April 2016.

Don Klepper-Smith, an economist with DataCore Partners and who was economic adviser to Gov. M. Jodi Rell, said the new labor report, coupled with recent downgrades for CT by Wall Street credit rating agencies, does not bode well for the future. "For the fourth month in a row we have seen small increases in the unemployment rate accompanied by larger increases in the labor force".

Education and health services faced the biggest reduction in April, losing 1,200 jobs.

With the Australian economy welcoming 37,400 new workers to the labour force last month, the total number of Australian's in employment climbed to 12.09m, its highest level on record. Sectors that gained in include construction, other services, and leisure and hospitality. CT has regained only about 75 percent of the approximately 119,000 jobs lost during its 2008 to 2010 recession, lagging far behind the rebounds of neighboring states such as MA. Construction and mining and logging were both unchanged.

Labor claims the figures are evidence of a growing underemployment problem, insisting many Australians are struggling to find sufficient work. Employment statistics undergo sharp fluctuations due to seasonal events, such as weather changes, harvests, holidays and school openings and closings.

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